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Swedes set to reap billions in tax refunds ahead of Midsummer

Swedes set to reap billions in tax refunds ahead of Midsummer

Published: 08 Jun 2011 09:02 GMT+02:00
Updated: 08 Jun 2011 09:02 GMT+02:00

More than 20 billion kronor ($3.25 billion) in tax refunds are set to rain down on close to 3 million Swedes ahead of the Midsummer holiday, marking a new record due in large part to the popularity of filing tax forms electronically.

"Never before have so many gotten taxes back before Midsummer," Hans Erik Axelsson of the Swedish Tax Agency (Skatteverket) said in a statement.

"The increase is primarily due to more and more Swedes filing declaring taxes electronically via the internet, text messages, smart phone apps, and the telephone."

Roughly 4.5 million Swedes took advantage of electronically tax filing services for the 2010 tax year.

From Wednesday, Swedes expecting tax refunds can log into the Tax Agency's website to check if their refunds have been processed.

Funds aren't expected to be transferred to most people's bank accounts until next week, however, and will continue until the June 24th Midsummer holiday.

However, some lucky taxpayers may already see a boost to their bank accounts by the end of the week.

Individuals with more complex tax filing requirements, such as business owners or those who have lived abroad, will have to wait until at least early August to receive their tax returns, with some having to wait until December.

"Several thousand taxpayers won't get their money before Midsummer, even though they filed via the internet, text message, or telephone. That's because they were selected for closer reviews which aren't completed yet," Axelsson said.

The Local/dl (news@thelocal.se)

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Your comments about this article

13:36 June 8, 2011 by djmarko
getting mines Tomorrow yay!!!
14:28 June 8, 2011 by Syftfel
How much of these "Tax Refunds" are going to individuals who never worked, or paid no taxes to begin with? Why do I suspect that this is but another social welfare program under the guise of "tax refunds"? Any social dem care out there to staighten out the facts?
14:43 June 8, 2011 by eppie
Well syftel it says tax returns so the answer on your question would be 0.

Maybe you should try to stay with the topic when you react on articles on the local.

We get it, you don't like foreigners, but please stop wasting bandwidth.
06:43 June 9, 2011 by rybo1
Well said, eppie! The Local has a plethora of "jack-asses" who make absolutely racist and moronic comments.
10:17 June 9, 2011 by satwinder
i got mine yesterday :)
13:41 June 9, 2011 by ruimove
,People who DON'T LIVE in Sweden (and don't know how things work here) please stop posting nonsense , tax return means that: tax return, you know, taxes from people who work!!Amazing how we can get taxes back and have a good social system, do people get tax return in the US?
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